[BIP-002] Increase OpenSea Royalties to 5%
Status: Passed
Author(s): synth, drmsxmchns
Discussions-to: https://gov.buzzedbearhideout.com/t/increase-opensea-royalties-to-5/379
Created: August 24, 2021
Buzzed Summary
This proposal aims to increase revenue through an increase in the current OpenSea royalties.
Abstract
The current royalties are set to 2.5%. The previous sentiment check identified overwhelming support for a royalties increase to 5%. This proposal does not change the existing division of royalties (80% treasury / 20% developers).
Motivation
It is important to identify means to increase our treasury as this secures our future prosperity through an increase in intrinsic value per bear.
Specification Overview
An increase in royalties to 5% would be the most direct method to increase revenue and bearholder value with minimal risk.
Rationale
The proposed increase provides a substantial increase in revenue per transaction. We believe that the downside risks are minimal; variables such as gas prices play a much greater role in commerce than royalty percentages. The proposed increase is comparable to other projects.
Copyright
Copyright and related rights waived via CC0.
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